Proof of funds:  This question came up in a previous post but all answers referred to "approval letters" provided by hard money lenders. 

I was thinking maybe a wraparound mortgage was the answer, but I read somewhere that they can't be refinanced - you're basically locked-in for the length of the loan?

when it comes to monthly cash flow I ask myself the following question: how much money would I need to make per month to justify taking on the added responsibility of dealing with this property. for me that answer is $250 per unit cash flow, after all expenses and accounting for repairs/capex.

I believe I know the answer but would like confirmation from those of you in the business who would be kind of enough to give me your feed back on...

The answer would be NO!  

Joe Sz , Crystal balls and speculation aside, nobody on BP can give you a specific answer to what you should do because everyone’s situation is different.

Hello I have a question that someone might be able to answer or send me to someone who could.

Thanks for taking the time to answer the questions.Can you tell us about the work you did prior to actually making the purchase:How much effort did you put into getting actual bids for the rehab work before making an offer? 

Your answer tells me that I will hit my DTI rather soon, with my existing mortgage, and the HELOC I'm waiting for approval on. 

Are you talking risk tolerance pressure, plate spinning pressure or clock's ticking we need an answer pressure?